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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cubical Financial Services Limited, an NBFC based in Delhi, has submitted its Annual Report for FY 2024-25 along with the notice for its 35th Annual General Meeting scheduled for September 29, 2025, to be held via video conferencing. The AGM will seek shareholder approval to appoint M/s. Krishan Rakesh & Co. as statutory auditors for five years (till 2030), replacing the existing auditor M/s. STRG & Associates. Other items include reappointment of Managing Director Mr. Ashwani Kumar Gupta with an increased remuneration cap of Rs. 24 lakh per annum (up from the current Rs. 50,000 per month) for three years, appointment of Mr. Ram Gopal Dalmia (Chartered Accountant, age 73) as Independent Director for five years, and appointment of Mukesh Agarwal & Co. as Secretarial Auditor for FY 2025-26 to 2029-30. The company acknowledged 'inadequate profits' due to rising costs and challenging business conditions while seeking shareholder approval for the MD's remuneration under Schedule V.
Routine procedural filing with no immediate price-moving impact, but investors should note the auditor change, the MD remuneration hike (a four-fold increase), and the company's own disclosure of inadequate profits which signals weak earnings performance for FY25.